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As general background, study the Five-Year Summary of Financial and Operating Results. Instructions a. Compute the following for the fiscal years ending January 31, 2016,
As general background, study the "Five-Year Summary of Financial and Operating Results.
Instructions
a. Compute the following for the fiscal years ending January 31, 2016, and February 1, 2015 (round percentages to the nearest tenth of 1 percent):
- Percentage change in net sales (relative to the prior year).
- Percentage change in net earnings.
- Gross profit rate.
- Net income as a percentage of sales.
- Return on average total assets.
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